Transocean (RIG) Message Board

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Gold/Mining/Energy : Transocean (RIG)

RIG 4.010

-0.5%

9:30 AM EST

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To: robert b furman who wrote (343)	3/30/2015 7:14:03 PM
From: robert b furman	of 366

First upgrade I've seen in a long time (to neutral from sell): seekingalpha.com Price target of 14.00 Heck it is a beginning. I've read several articles that show the inventory build is the result of refinery maintenance and the strike. The production has not gone up and is about to reverse down as completions are being delayed. As refineries come on stream crude inventories will drop. I've also seen articles detailing demand growth - which I believe will surprise many this summer. I'm now recently retired and loving driving to visit people as it is relatively cheap to do. I suspect that many will enjoy driving to visit friends and relatives this summer .Those who could not afford traveling in the past will now be opportunistic and take advantage of inexpensive travel. Many of us take this for granted - but the many will enjoy this capability. Any growth in China / India will tilt the demand equation quickly. I suspect it will happen sooner than later. I do believe the BS about Cushing being up tom 80 % full is fear mongering just before demand growth and supply expansion from the refiner y perspective. Wall Street knows the rap - it has been done before and will repeat. I have a hunch we're seeing a bottom coming in. Sell long puts Jan 2017 on your favorite oil services firms. I'm looking at NOV just drove to San Antonio on Beltway 8 in Houston - unbelievable how many large buildings they have on that road system. Bob

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